New Delhi: The decision to impose 0.4 per cent MDR on UPI transactions above Rs 2,000 is an important step in creating a sustainable foundation and giving incentives for further expansion in rural and semi-urban areas while ensuring that the large majority of payments remain free of charge, experts said on Wednesday. Noting that roughly…
Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday urged the International Tax Research and Analysis Foundation (ITRAF) to make its independent tax policy research more visible and contribute directly to policymaking and public discourse. Addressing the Eighth International Tax Conference on ‘New Age Taxation’ organised by ITRAF here, Sitharaman said India had professionals and experts…
Washington: The US House of Representatives voted to advance a bill that would authorise President Donald Trump to impose 100 per cent tariffs on India and other countries for buying oil and gas from Russia and extend existing sanctions on Iran. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 cleared a procedural…
The grounds of the India Expo Centre came alive with the synchronized momentum of the global infrastructure industry. Across indoor pavilions and open-air arenas, original equipment manufacturers revealed a shared vision centered on lower lifecycle emissions, digital precision, and operator well-being. Heavy Extraction Handling severe-duty quarry and mining duties was the focus of the 54,000-kilogram…
New Delhi: Ending nearly six years of fully free UPI payments, the government on Tuesday introduced a 0.4 per cent fee on transfers worth more than Rs 2,000 made to merchants through the platform from October 15 while explicitly ring-fencing everyday person-to-person transactions as well as small payments from any charge. “Customers will not be…
New Delhi: India’s exports increased by 26.12 per cent to USD 43.81 billion in August, and the trade deficit narrowed to USD 26.86 billion, government data showed on Tuesday. The country’s imports rose by about 14.1 per cent to USD 70.76 billion in August. During April-August this fiscal, exports jumped 17.85 per cent to USD…
Mumbai: Benchmark indices Sensex and Nifty climbed in early trade on Tuesday, driven by a strong rally in IT stocks and HDFC Bank. The 30-share BSE Sensex climbed 233.66 points to 75,022.37 in early trade. The 50-share NSE Nifty was up 63.85 points to 23,462.30. Among the 30 Sensex firms, HCL Tech jumped 6.5 per…
NEW DELHI: (Sep 15) The government has directed banks and payment system providers not to levy charges on Unified Payments Interface (UPI) transactions of up to Rs 2,000 or on payments made through RuPay debit cards. However, the government has not specified whether charges would be applicable to transactions above Rs 2,000, to be paid…
In June 2026, the Reserve Bank of India (RBI) reopened a special scheme to pull dollars into the country from Indians living abroad. It raised over $136 billion, about five times what the celebrated 2013 rescue under Raghuram Rajan raised. Yet the rupee has crossed 95 to the dollar and still looks soft. Many investors…
Beginning today, September 15, Greater Noida becomes the meeting point for an industry that has quietly become one of the most important enablers of India’s physical growth. For four days, bauma CONEXPO INDIA 2026 will bring together construction machinery, building-material equipment, mining machinery, construction vehicles, components, technology and services at the India Expo Centre. This…
